M+1-st Price Auction Using Homomorphic Encryption

Masayuki ABE
Koutarou SUZUKI

Publication
IEICE TRANSACTIONS on Fundamentals of Electronics, Communications and Computer Sciences   Vol.E86-A    No.1    pp.136-141
Publication Date: 2003/01/01
Online ISSN: 
DOI: 
Print ISSN: 0916-8508
Type of Manuscript: Special Section PAPER (Special Section on Cryptography and Information Security)
Category: Protocols etc.
Keyword: 
M+1-st price auction,  Vickrey auction,  homomorphic encryption,  mix and match,  

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Summary: 
This paper provides a M+1-st price auction scheme using homomorphic encryption and the mix and match technique; it offers secrecy of bidding price and public verifiability. Our scheme has low round communication complexity: 1 round from each bidder to auctioneer in bidding and log p rounds from auctioneer to trusted authority in opening when prices are selected from p prefixed choices.